Coca-Cola Stock Falls Despite Strong EarningsCoca-Cola Company (The)BATS:KOFOREXcomDuring the latest trading session, Coca-Cola stock maintained a clear neutral bias after a nearly 1% decline, falling below the $70 per share level. This movement came despite the company reporting better-than-expected results, with earnings per share (EPS) of $0.87, above the $0.83 expected, and total revenue of $12.62 billion, exceeding market estimates of $12.54 billion. Despite these solid results, the company noted that it expects a possible decline in sales volume over the coming months and also anticipates higher costs due to a new commercial strategy. Additionally, there is growing uncertainty around demand for sugary beverages, which could be impacted by the current economic backdrop. These factors have limited short-term upside potential, leaving the stock in a state of technical neutrality. Sideways Range Holds Since late February, the stock has been trading within a steady sideways range, with a ceiling at $73 and a floor at $68. The current price remains near the midpoint of that range, reflecting a lack of clear long-term direction. As long as this indecision continues, range-bound behavior is likely to dominate in the sessions ahead. Technical Indicators RSI: The Relative Strength Index remains close to the neutral level of 50, indicating a balance between buying and selling pressures. Without a clear directional shift, the sideways range may continue in the short term. ADX: The ADX line has been fluctuating below the 20 level, indicating low average volatility and a persistent consolidation phase. Unless this indicator sees a meaningful uptick, the current range is likely to remain in play. Key Levels to Watch: $73 – Major Resistance: Marks the upper boundary of the range. A strong move toward this level could initiate a new bullish trend. $70 – Immediate Resistance: Aligns with the 50-period simple moving average and the 23.6% Fibonacci retracement level. A breakout here could signal a short-term bullish bias. $68 – Key Support: Aligned with the 200-period simple moving average, this level represents a critical technical floor. A break below it could activate a relevant bearish bias and potentially lead to a longer-term downtrend. Written by Julian Pineda, CFA – Market Analyst